Cushman & Wakefield announced today that Pioneer Natural Resources has selected the firm to provide property management and facility services for its new 1.2-million-square-foot headquarters, which is under construction in the Hidden Ridge development of Las Colinas.
The Pioneer project represents the largest-ever single-building property management and facility management assignment for Cushman & Wakefield Dallas. The Cushman & Wakefield team who secured the contract includes Ron Tate, Christy Means, Ken Wakefield and Carly Davis. Davis will serve as the property manager for the building.
The headquarters, located at 777 Hidden Ridge in Irving, is a 10-story, glass-and-stone tower with a seven-story parking garage. The property includes a daycare, wellness center and food hall and overlooks its own pond.
Cushman & Wakefield Asset Services will provide property management of the headquarters, while the company’s facility management group, C&W Services, will handle facility services such as janitorial work, as well as some building engineering services. Cushman & Wakefield is also providing move management services to assist Pioneer in its move from its previous headquarters location, in Las Colinas’ Williams Square, to Hidden Ridge.
“Pioneer’s new, state-of-the-art headquarters is a significant addition to Las Colinas, and our team is honored to have been selected as the company’s partner for property management, facility management, engineering services and move management,” said Means, Managing Director of Asset Services for Cushman & Wakefield. “This assignment is a testament to the hard work and dedication of the Cushman & Wakefield team.”
The Pioneer contract is the latest in a highly successful year for Cushman & Wakefield’s Asset Services team. In 2019 alone, they have added more than 4.9 million square feet (sf) to their property management portfolio, including nine office buildings and seven industrial properties.
Construction on the new office building should be finished this summer, and Pioneer is expected to begin moving into the office in October.
Pioneer’s new headquarters accounts for nearly half of the total office space in Hidden Ridge, which includes roughly 3 million sf of office, as well as multifamily and retail space. The $1 billion, 150-acre development is the result of a partnership between Verizon and KDC, a real estate development and investment firm.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.